Gold spooked by hawkish Fed outlook despite smaller rate hike - Swastika Investmart
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NEWS IN HEADLINE
* Gold spooked by hawkish Fed outlook despite smaller rate hike
* Natural gas down 6%, correcting as potential polar vortex dawns
* Oil up third day in row, boosted by U.S. pipeline outage, cold and Fed
CHART OF THE DAY
NATURAL GAS :
NATURAL GAS witnessed a selling pressure after a rally from lower levels , however 520 is an immediate support level and 540 is immediate resistance level . While above 540 lead further strength towards 550-560 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Uptrend in Gold &Silver.
* Energy: Day trend is indicating Uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating Uptrend in all base metals.
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